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Originally Posted by druetetective
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Did you read the full story? Montreal received a compensatory pick for Fischer despite not making him an offer (pick 50 in 2011, which they traded to the Islanders).
The story says that Montreal made a bona fide offer to him a year after his draft (which is the only time the CBA says one is required, but not for College players) to keep his rights. So, the fact that everyone can agree that the Flames still hold Jankowski's rights, they've done everything required to keep him, which means he'll be in the same situation as Fischer was when he graduates if the Flames choose to not sign him and the Flames will receive a compensatory pick if they don't sign him.
I don't know what the story is with Thelen, but he was drafted in 2004, so his rights would have been governed by the pre-lockout CBA.